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UDR, Inc. (UDR) Financials

UDR
Trailing 12 months to March 31, 2026
Revenue $1.7B +2.1% YoY
Net Income $490.8M +298.5% YoY
EPS (Diluted) $1.47 +320.0% YoY
Operating Cash Flow $875.4M +1.1% YoY
Market Cap $10.9B as of Oct 14, 2026
Price / Sales 6.4x on $1.7B revenue, trailing 12 months to March 31, 2026
Price / Earnings 22.3x on $490.8M net income, trailing 12 months to March 31, 2026
Price / Book 3.3x on $3.3B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the UDR SEC filings page.

UDR, Inc. (UDR) reported $1.7B in revenue over the twelve months to Mar 31, 2026, up 2.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI UDR FY2025

UDR’s reported earnings are lumpy while operating cash is steadier, and substantial debt rests on a shrinking equity cushion.

From FY2021 to FY2025, operating cash flow rose from $664M to $903M, while net income fluctuated sharply rather than following the same path. In FY2025, depreciation and amortization were $680M against $903M of operating cash flow, helping explain why cash generation can look stronger than reported earnings without implying equivalent economic profit.

Debt remained about $5.8B in FY2025, broadly unchanged from FY2022. Equity fell to $3.3B by FY2025, pushing the debt-to-equity ratio to 1.8x; leverage therefore rose through balance-sheet contraction more than borrowing expansion.

Operating margin nearly doubled from 17.0% in FY2024 to 32.3% in FY2025. With FY2025 revenue at $1.7B, the swing is not explained by broad top-line acceleration alone, making profitability episodic in the reported series rather than a smooth scale effect.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 68 / 100
Financial Health Score 68/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of UDR, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
90

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. UDR, Inc. scores 90/100 on it among other REITs.

FFO Growth
29

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. UDR, Inc. scores 29/100 on it among other REITs.

Leverage
59

UDR, Inc.'s net debt of $5.8B, being $5.8B of long-term debt less $1.2M of cash, came to 4.72 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and UDR, Inc. scores 59/100 among other REITs.

Interest Cov.
69

UDR, Inc.'s operating income of $553.6M covered its interest expense of $196.6M 2.82 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and UDR, Inc. scores 69/100 among other REITs.

AFFO Margin
90

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. UDR, Inc. scores 90/100 on it among other REITs.

Dividend Cov.
69

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. UDR, Inc. scores 69/100 on it among other REITs.

Piotroski F-Score Partial
6/7

UDR, Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.39x

For every $1 of reported earnings, UDR, Inc. generates $2.39 in operating cash flow ($902.9M OCF vs $377.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.82x

UDR, Inc. earns $2.82 in operating income for every $1 of interest expense ($553.6M vs $196.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$425.8M
YoY+0.9%
QoQ-1.7%
5Y CAGR+7.2%

UDR, Inc. generated $425.8M in revenue in Q1 2026. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is down 1.7%.

EBITDA
$394.4M
YoY+35.7%
QoQ-49.1%
5Y CAGR+12.2%

UDR, Inc.'s EBITDA was $394.4M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.7% from the same quarter a year earlier. Against the prior quarter it is down 49.1%.

Net Income
$189.8M
YoY+147.4%
QoQ-14.8%
5Y CAGR+127.7%
10Y CAGR+33.7%

UDR, Inc. reported $189.8M in net income in Q1 2026. This represents an increase of 147.4% from the same quarter a year earlier. Against the prior quarter it is down 14.8%.

EPS (Diluted)
$0.57
YoY+147.8%
QoQ-14.9%
5Y CAGR+124.5%
10Y CAGR+30.4%

UDR, Inc. earned $0.57 per diluted share (EPS) in Q1 2026. This represents an increase of 147.8% from the same quarter a year earlier. Against the prior quarter it is down 14.9%.

Cash & Balance Sheet

Cash & Debt
$1.3M
YoY+4.0%
QoQ+6.4%
5Y CAGR+2.1%
10Y CAGR-9.9%

UDR, Inc. held $1.3M in cash against $5.7B in long-term debt as of Q1 2026.

Dividends Per Share
$0.43
YoY+1.2%
QoQ+1.2%
5Y CAGR+3.7%
10Y CAGR+4.0%

UDR, Inc. paid $0.43 per share in dividends in Q1 2026. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

Shares Outstanding
325M
YoY-1.9%
QoQ-1.1%
5Y CAGR+1.8%
10Y CAGR+2.0%

UDR, Inc. had 325M shares outstanding in Q1 2026. This represents a decrease of 1.9% from the same quarter a year earlier. Against the prior quarter it is down 1.1%.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Operating Margin
54.0%
YoY+25.0pp
QoQ-10.2pp
5Y change+29.1pp

UDR, Inc.'s operating margin was 54.0% in Q1 2026, reflecting core business profitability. This is up 25.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.2 percentage points.

Net Margin
44.6%
YoY+26.4pp
QoQ-6.9pp
5Y change+43.5pp

UDR, Inc.'s net profit margin was 44.6% in Q1 2026, showing the share of revenue converted to profit. This is up 26.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.9 percentage points.

Return on Equity
5.8%
YoY+3.5pp
QoQ-1.0pp
5Y change+5.7pp
10Y change+5.4pp

UDR, Inc.'s ROE was 5.8% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

Share Buybacks
$100.0M
QoQ+7.7%

UDR, Inc. spent $100.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 7.7%.

R&D Spending

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

UDR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

UDR quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Revenue$425.8M+0.9%$433.1M+2.5%$431.9M+2.8%$425.4M+2.4%$421.9M+2.0%$422.7M+2.3%$420.2M+2.4%$415.3M+2.7%
SG&A Expenses$19.4M+104.0%$55.1M-4.0%$10.5M+9.5%$10.0M+11.5%$9.5M+14.0%$57.4M+175.4%$9.6M-36.6%$9.0M-45.5%
Operating Income$229.8M+88.1%$277.7M+318.9%$76.4M+9.3%$77.4M+12.7%$122.2M+53.2%$66.3M-29.7%$69.9M-10.5%$68.7M-82.7%
EBITDA$394.4M+35.7%$774.8M+33.9%$83.4M+12.8%$84.8M+15.6%$290.7M+14.5%$578.9M-4.4%$73.9M-9.6%$73.3M-81.7%
Interest Expense$48.6M+1.8%$49.7M+0.1%$50.6M+0.7%$48.7M+1.8%$47.7M-0.8%$49.6M+4.8%$50.2M+12.4%$47.8M+6.0%
Income Tax$455K+188.0%$37K-88.1%$382K+344.9%$258K-33.2%$158K-53.1%$312K+235.5%-$156K-136.4%$386K-71.4%
Net Income$189.8M+147.4%$222.9M+4519.2%$40.4M+78.8%$37.7M+30.4%$76.7M+77.8%-$5.0M-115.3%$22.6M-31.2%$28.9M-91.7%
EPS (Basic)$0.58+152.2%$0.67+3450.0%$0.12+100.0%$0.11+37.5%$0.23+76.9%-$0.02-120.0%$0.06-40.0%$0.08-92.4%
EPS (Diluted)$0.57+147.8%$0.67+3450.0%$0.12+100.0%$0.11+37.5%$0.23+76.9%-$0.02-120.0%$0.06-40.0%$0.08-92.4%
Diluted Shares (Avg)330M-0.4%N/A331M+0.2%332M+0.7%332M+0.8%N/A331M+0.4%330M-0.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

UDR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

UDR quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$10.3B-3.8%$10.6B-2.7%$10.6B-4.3%$10.6B-4.2%$10.7B-4.0%$10.9B-4.2%$11.1B-3.0%$11.1B+0.3%
Cash & Equivalents$1.3M+4.0%$1.2M-7.8%$1.2M-47.7%$1.5M-44.7%$1.3M-40.9%$1.3M-54.6%$2.3M+40.7%$2.8M+79.4%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$6.2B-2.0%$6.5B+0.3%$6.5B-0.3%$6.4B-0.1%$6.4B+0.4%$6.4B+0.2%$6.5B+1.7%$6.4B+5.7%
Long-Term Debt$5.7B-2.5%$5.8B-0.1%$5.8B-0.5%$5.8B0.0%$5.8B+0.8%$5.8B+0.5%$5.9B+2.0%$5.8B+6.4%
Total Equity$3.3B-1.4%$3.3B-4.5%$3.3B-6.8%$3.3B-10.7%$3.3B-15.0%$3.4B-13.7%$3.5B-15.4%$3.7B-9.7%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.

UDR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

UDR quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow$128.7M-17.6%$261.4M+8.7%$234.9M+2.0%$250.3M+5.0%$156.2M-6.8%$240.5M+9.8%$230.3M+13.1%$238.5M-1.5%
Depreciation & Amortization$164.6M-2.3%$168.1M-2.2%$7.0M+74.0%$7.4M+57.9%$168.5M-3.3%$171.8M-1.8%$4.0M+9.1%$4.7M+27.1%
Stock-Based Compensation$9.6M+27.6%N/AN/AN/A$7.5M+3.3%N/AN/AN/A
Investing Cash Flow$283.7M+1492.1%$3.1M+106.3%-$113.1M+23.7%-$58.8M+39.9%$17.8M-3.4%-$48.8M+33.1%-$148.3M+4.7%-$97.8M-272.6%
Financing Cash Flow-$414.5M-135.3%-$263.8M-37.5%-$120.7M-49.3%-$189.8M-37.3%-$176.1M+6.8%-$191.9M-33.5%-$80.8M-75.7%-$138.3M+53.5%
Dividends Paid$141.3M+0.4%$142.2M+1.4%$142.5M+1.7%$142.4M+1.8%$140.7M+1.8%$140.2M+1.5%$140.1M+1.2%$140.0M+1.2%
Share Buybacks$100.0M$92.8M$25.0MN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

UDR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

UDR quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Margin54.0%+25.0pp64.1%+48.4pp17.7%+1.1pp18.2%+1.7pp29.0%+9.7pp15.7%-7.1pp16.6%-2.4pp16.5%-81.5pp
Net Margin44.6%+26.4pp51.5%+52.7pp9.4%+4.0pp8.9%+1.9pp18.2%+7.7pp-1.2%-9.2pp5.4%-2.6pp7.0%-79.0pp
Return on Equity5.8%+3.5pp6.8%+6.9pp1.2%+0.6pp1.1%+0.3pp2.3%+1.2pp-0.1%-1.0pp0.6%-0.2pp0.8%-7.7pp
Return on Assets1.8%+1.1pp2.1%+2.2pp0.4%+0.2pp0.4%+0.1pp0.7%+0.3pp-0.1%-0.3pp0.2%-0.1pp0.3%-2.9pp
Debt-to-Equity1.720.0x1.77+0.1x1.78+0.1x1.74+0.2x1.74+0.3x1.69+0.2x1.67+0.3x1.55+0.2x
Asset Turnover0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
UDR, Inc. UDR FY2025 $1.7B $377.7M 22.1% $10.9B 68/100
AMERICAN HOMES 4 RENT AMH FY2025 N/A $513.4M N/A $11.0B —
Sun Communities, Inc SUI FY2025 $2.3B $1.4B 61.3% $13.9B 42/100
Mid-America Apartment Communities, Inc. MAA FY2025 $2.2B $446.9M 20.2% $13.5B 41/100
Essex Property Trust, Inc ESS FY2025 $1.9B $702.8M 37.2% $17.4B 57/100
Equity Lifestyle Properties, Inc. ELS FY2025 $1.5B $402.1M 26.3% $11.5B 60/100

Frequently Asked Questions

What is UDR, Inc.'s annual revenue?

UDR, Inc. (UDR) reported $1.7B in total revenue for fiscal year 2025. This represents a 2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is UDR, Inc.'s revenue growing?

UDR, Inc. (UDR) revenue grew by 2.4% year-over-year, from $1.7B to $1.7B in fiscal year 2025.

Is UDR, Inc. profitable?

Yes, UDR, Inc. (UDR) reported a net income of $377.7M in fiscal year 2025, with a net profit margin of 22.1%.

UDR, Inc. (UDR) reported diluted earnings per share of $1.13 for fiscal year 2025. This represents a 334.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

UDR, Inc. (UDR) had EBITDA of $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, UDR, Inc. (UDR) had $1.2M in cash and equivalents against $5.8B in long-term debt.

UDR, Inc. (UDR) had an operating margin of 32.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

UDR, Inc. (UDR) had a net profit margin of 22.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, UDR, Inc. (UDR) paid $1.72 per share in dividends during fiscal year 2025.

UDR, Inc. (UDR) has a return on equity of 11.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

UDR, Inc. (UDR) generated $902.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

UDR, Inc. (UDR) had $10.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, UDR, Inc. (UDR) spent $117.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

UDR, Inc. (UDR) had 329M shares outstanding as of fiscal year 2025.

UDR, Inc. (UDR) had a debt-to-equity ratio of 1.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

UDR, Inc. (UDR) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

UDR, Inc. (UDR) trades at 22.3x earnings, its market capitalization divided by net income of $490.8M net income, trailing 12 months to March 31, 2026. The market capitalization is $10.9B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

UDR, Inc. (UDR) trades at 6.4x sales, its market capitalization divided by revenue of $1.7B revenue, trailing 12 months to March 31, 2026. The market capitalization is $10.9B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

UDR, Inc. (UDR) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

UDR, Inc. (UDR) has an earnings quality ratio of 2.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

UDR, Inc. (UDR) has an interest coverage ratio of 2.82x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

UDR, Inc. (UDR) scores 68 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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